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Hello everybody in the new month,
Canada releases its GDP figures once a month, and this time, the figures are for December, concluding the last quarter and the full year.
Despite oil price collapse in 2014 and 2015, Canadian GDP growth recorded only three negative quarters since.
Looking solely at the GDP, it seems as though Q2 2016 wildfires hit the economy worse than the oil price shock.
Anyhow, oil producers, manufacturers and exporters seem to have adjusted well and the economy bounced back.
Canadian GDP grew over the last four quarters, with 0.6% in Q4 2016, 1.1% in Q1 2017, 1.1% in Q2 2017 and 0.1% in Q3 2017.
BOC has already taken back two insurance rate cuts from 2015 and hiked once more. GDP may slow a little bit more than expected.
Bye
Canada releases its GDP figures once a month, and this time, the figures are for December, concluding the last quarter and the full year.
Despite oil price collapse in 2014 and 2015, Canadian GDP growth recorded only three negative quarters since.
Looking solely at the GDP, it seems as though Q2 2016 wildfires hit the economy worse than the oil price shock.
Anyhow, oil producers, manufacturers and exporters seem to have adjusted well and the economy bounced back.
Canadian GDP grew over the last four quarters, with 0.6% in Q4 2016, 1.1% in Q1 2017, 1.1% in Q2 2017 and 0.1% in Q3 2017.
BOC has already taken back two insurance rate cuts from 2015 and hiked once more. GDP may slow a little bit more than expected.
Bye
